Financial management

In the past, financial management was not a major concern for a business. A company used to establish relations with a local bank. The hank handled the financing and the company took care of producing and selling.

Today only few firms operate in this way. Usually businesses have their own financial managers who work with the banks. They negotiate terms of financial transactions, compare rates among competing financial institutions. Financial management begins with the creation of a financial plan. The plan includes timing and amount of funds and the inflow and outflow of money.

The financial manager develops and controls the financial plan. The financial manager’s job starts and ends with the company’s objectives. The financial manager compares the expenses involved to the expected revenues. It helps him to predict cash flow.

The financial manager plans a strategy to make the ending cash positive.

The financial manager also chooses financing techniques. One of them is short-term financing. Another is long term financing.

At the end of the fiscal year the financial manager reviews the company’s financial status and plans the next year’s financial strategy.

Послетекстовые упражнения (The exercise to be done after reading the text)

Упражнение 5. Переведите в письменной форме абзацы 1,3,4

Упражнение 6. Ответьте на вопросы.

1. Was financial management concern for a business in the past?

2. Did the banks handle the financing and the company takes care of producing and selling?

3. Who works with the banks today?

4. What are duties of financial managers today?

5. What does financial management begin with?

6. What does the plan include?

7. Who develops and controls the financial plan of a firm?

8. When does the financial manager review the company’s financial status?

Упражнение 7. Заполните пропуски соответствующими предлогами.

1. …… the past financial management was not concern ……. a business.

2. Today businesses have their own financial managers who work …….. the banks.

3. Financial management begins ……….. the creation ….. financial plan.

4. The plan includes timing and amount………. funds and the inflow and outflow of money.

5. ……… the end of the fiscal year the financial manager reviews the company`s financial status.

Упражнение 8. Закончите предложения, выбрав соответствующее по смыслу окончание.

1. In the past financial management was not concerned for……

a) a work

b) a business

c) money

2. Today business have their own ……. who work with the banks.

a) financial managers

b) workers

c) teachers

3. Financial management begins with…...

a) the teaching of students

b) the reading of documents

c) the creation of financial plan

4. The financial manager …. to make the ending cash positive.

a) plans a strategy

b) controls a work

c) reads a plan

5. At the end….. the financial manager reviews the company’s financial status.

a) of the last month

b) of the fiscal year

c) of the next week

Упражнение 9. Переведите предложения на английский язык.

1. В прошлом не был интересен для бизнеса.

2. Банк управлял финансами, а компания заботилась о производстве и продаже.

3. Сегодня бизнес имеет своих финансовых менеджеров, которые работают с банками.

4. Они ведут переговоры о финансовых сделках, сравнивают цены среди конкурирующих организаций.

5. Финансовый менеджер контролирует финансовый план, прогнозирует экономическое состояние, доходы и издержки компании.

6. Работа финансового менеджера начинается и заканчивается целями компании.

Unit 3

Text: Management and Human Resources Development

Предтекстовые упражнения

(The exercises to be done before reading the text)

Упражнение 1. Прочитайте слова и словосочетания и постарайтесь запомнить их русские эквиваленты.

perform – выполнять

utilization - использовать

proper - правильный

performance - исполнение

relate - отношение

employee - служащий

refer - иметь отношение, ссылаться, передавать (вопрос на вопрос)

believe – верить, думать

goal - цель

in order – для того, чтобы

to be aware of - знать

safe - безопасный

condition - режим

increased - повышенный

occur – происходить, иметь место

respond – отвечать, разговаривать

promotion – продвижение по службе

to alter - изменять

attempt - попытка

appeal – обращение, призыв

assume – принимать (на себя)

schedule – планировать, составлять

enlargement – расширение, увеличение

rotate - чередовать

position – рабочее место

to be aware –знать что то

Упражнение 2. Прочтите слова вслух и сопоставьте их с русским значением.

Position, enlargement, appeal, goal, performance, utilization, promotion, respond, rotate, to alter, safe, employee.

Упражнение 3. Прочтите и переведите слова, обращая внимание на суффиксы и префиксы.

Perform – performance – performer

Utilize – utilization

Relate – relation

Refer – reference – referee

Essence – essential – essentiality

Condition – conditional

Increase – increased

Large – enlarge – enlargement

Rotate – rotation

Alter – alteration

Упражнение 4. Переведите предложение на русский язык. Обратите внимание на новые слова и словосочетания.

1. Managers perform various functions.

2. One of the most important functions is proper utilization of people.

3. Worker performance is closely related to motivation.

4. Keeping employees motivated is an essential component of good management.

5. In a business context, motivation refers to the stimulus that directs the behavior of workers towards the company goals.

6. In order to motivate workers to achieve company goals, managers must be aware of their needs.

Text

Прочтите текст и переведите на русский язык.